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Investing for Children (1 Viewer)
- Thread starter rascal
- Start date
Steve Tasker
Footballguy
No real comments, but be aware of Kiddie Tax, if you're not already - http://en.wikipedia.org/wiki/Kiddie_tax
Long story short, if your child makes enough money on investments, the income may be taxed at the parents' rate. Probably not an issue if he has only $4,000 in the bank, but could apply 10 years down the road if he keeps getting a decent amount of cash annually.
Also, teach him some basic chess theory
Long story short, if your child makes enough money on investments, the income may be taxed at the parents' rate. Probably not an issue if he has only $4,000 in the bank, but could apply 10 years down the road if he keeps getting a decent amount of cash annually.
Also, teach him some basic chess theory
Leroy Hoard
Footballguy
I'd rather invest for something better than children.
BigJohn
Footballguy
Didn't know about that, but looks like the earned income must be less than 50% of their support (i.e. me), no?No real comments, but be aware of Kiddie Tax, if you're not already - http://en.wikipedia.org/wiki/Kiddie_tax
Long story short, if your child makes enough money on investments, the income may be taxed at the parents' rate. Probably not an issue if he has only $4,000 in the bank, but could apply 10 years down the road if he keeps getting a decent amount of cash annually.
Also, teach him some basic chess theory
